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Mathematics, 25.11.2020 21:30 annabelle2516

A direct mail company wishes to estimate the proportion of people on a large mailing list that will purchase a product. Suppose the true proportion is 0.07. If 497 are sampled, what is the probability that the sample proportion will be less than 0.05? Round your answer to four decimal places.

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A direct mail company wishes to estimate the proportion of people on a large mailing list that will...
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